Rubicon funded a $3,150,000 refinance/cash-out of multiple rental properties located in Clayton and one located in Concord, California. The loan is secured in first position by one 5-plex in concord. This 5-plex is home to 5 separate houses each with a garage on the same parcel. The loan is also secured by two houses and a .93-acre vacant lot. These three properties have just finished entitlements and approvals on an 80-unit, 55, and older condominium complex. The loan also has a built-in interest reserve.

Loan Amount: $3,150,000

Loan Term: 24 Months

CLTV: Under 40%

Loan Position: First Deed of Trust on all properties.

Rubicon is actively funding loans throughout California. Reach out to someone from our team or call our office directly for all your private lending needs.